Thangamayil Jewellery Q2 Results: Stock jumps 18% on return to profitability, 45% topline growth

Thangamayil Jewellery Ltd. reported a strong turnaround in its September quarter results, posting a net profit of ₹58.5 crore compared to a loss of ₹17.4 crore in the same period last year.

Revenue from operations surged 45% year-on-year to ₹1,711 crore from ₹1,181 crore last year.

The company's operating performance also improved sharply, with EBITDA coming in at ₹106.2 crore against an EBITDA loss of ₹7.5 crore in the year-ago quarter.

EBITDA margin stood at 6.2%, marking a significant recovery from last year’s negative base.

Following the earnings announcement, shares of Thangamayil Jewellery Ltd. are trading 18.35% higher on Monday at ₹2,567.80. The stock has risen 23% in the last one month.